Deficit

Stimulus Plans Don't Work

Alan Schram | Posted 02.19.2009 | Business

Read More: Keynes, Obama, Libor, Stimulus, S&P 500, Fdic, Money Market Funds, Dollar, Wall Street, Business News, Tax Cuts, Bank Deposits, Saving Money, Deficit, Dow, Tarp, Financial Crisis, Economy, Business News
Alan Schram

Spending is the problem that caused this crisis in the first place. We cannot fix the problem using more of its root cause.

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Spending The Deficit

Rob Fishman | Posted 09.16.2009 | Business

Read More: Peter G. Peterson Foundation, Deficit, Federal Budget Deficit, Economy, Ways to Spend Deficit, Business News
Rob Fishman

Just how much is $1.2 trillion? To put this year's deficit in perspective, we thought of a few unrealities that carry a similar price tag.

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The Story of 2008: What Went Wrong?

Alan Schram | Posted 02.11.2009 | Business

Read More: Volatility, Credit Crunch, Libor, Leverage, Recession, S&P 500, Fdic, Money Market Funds, Dollar, Wall Street, Bear Market, Business News, Bank Deposits, Saving Money, Deficit, Dow, Tarp, Financial Crisis, Business News
Alan Schram

Bear markets are difficult experiences, but they provide unique prospects. I believe we will look at the present U.S. stock market valuations as perhaps the best investment opportunity of a generation.

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Deficit Spending -- A Necessary Evil

Mike Papantonio | Posted 02.07.2009 | Politics

Read More: Conservative, Infrastructure, Air America Radio, John Maynard Keynes, Mike Papantonio, Recession, Ring of Fire, Deficit, Depression, Barack Obama, Economy, Republican, Politics News
Mike Papantonio

As Obama steps into this quicksand economy, he seems to realize that short-term stimulus plans are only a Band-Aid solution for a gaping, almost mortal wound.

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How to End the Recession

Alan Schram | Posted 02.06.2009 | Business

Read More: Citigroup, Green Jobs, Credit Crunch, Federal Reserve, Obama, Thomas Jefferson, Libor, S&P 500, Recession, Bush, Dollar, Money Market Funds, Fdic, Paulson, Wall Street, Bailout, Business News, Tax Cuts, Bank Deposits, Saving Money, Deficit, Dow, Stimulus Plan, Financial Crisis, Business News
Alan Schram

What should be intuitively clear is that spending is no way to repair our woes. Indeed, spending irresponsibly is exactly what got us in the current lugubrious position.

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Federal Spending Out of Control

Alan Schram | Posted 01.30.2009 | Business

Read More: Dollar, Alexander Hamilton, Wall Street, Business News, Credit Crunch, Saving Money, Deficit, Financial Crisis, Business News
Alan Schram

It is not the "government" that hands out these bailout packages and money for projects. We must recognize that government has no money that isn't ours.

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Remembering the Lessons of Economics 101: Why Increasing the Federal Deficit Does Not Mean that Our Kids Must Sacrifice to Pay the Bill

Robert Creamer | Posted 01.23.2009 | Politics

Read More: Reagan, Economy, Recession, Economic Recovery, Economic Growth, Wealth, Deficit, Roosevelt, Bush, Federal Budget Deficit, Obama Economy, Obama Spending, Politics News
Robert Creamer

Republicans will argue that when times are tough you don't increase your spending, you tighten your belt and live within your means. That may be a good idea for an individual. It's a terrible idea for a country.

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Washington Post: The Problem is YOU, Not "We"

Dean Baker | Posted 01.21.2009 | Media

Read More: Deficit, Financial Crisis, Health Care, Jim Hoagland, Washington Post, Housing Crisis, Generation Gap, Media News
Dean Baker

The Washington Post had the gall to run a column complaining about how "we" are passing on a bad world to our children. They're right about the problems, but wrong about the "we."

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I.O.U.S.A.: Right on Time

Patrick Creadon | Posted 01.05.2009 | Business

Read More: Market, Deficit, National Debt, Green Jobs, Economic Crisis, IOUSA Movie, Iousa, Spending, Social Security, Documentary, Obama, Political Documentary, Business News
Patrick Creadon

Many have been quick to push the debate as a choice between stimulus and deficit reduction, but solutions committed to both objectives are critical to our short- and long-term survival.

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The Trillion Dollar Scare Tactic

Bill Scher | Posted 12.25.2008 | Business

Read More: Infrastructure, Debt, Deficit, Public Investment, Stimulus, Spending, Deficit Spending, Financial Crisis, Business News
Bill Scher

Flashing a trillion dollar deficit bugaboo is a meaningless scare tactic. Let's have a real debate on the merits of the specific public investments proposed.

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Treasury Predicts Huge Government Borrowing Needs

AP | MARTIN CRUTSINGER | Posted 11.28.2008 | Business

Read More: Henry Paulson, Economy, Finance, Debt, Treasury, Deficit, Business News

WASHINGTON — The financial rescue operation will force the federal government to borrow an unprecedented amount of money as the budget deficit c...

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Media Still Denying Debate Over Fiscal Choices

Bill Scher | Posted 11.23.2008 | Media

Read More: Taxes, Deficit, Obama, Public Investment, Mccain, Economy, Barack Obama, Media News
Bill Scher

While much of the media has been making a false presumption that new public investment is fiscally impossible, several economic experts have been trying to correct that notion.

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White House Ribs

Giles Slade | Posted 11.20.2008 | Politics

Read More: Soulfood, Deficit, Jackie Robinson, Climate Change, Economy, Jazz, Sam Cooke, Dodgers, Social Capital, Barack Obama, Election, America, Politics News
Giles Slade

America can capitalize on its cultural assets by creating state-owned brands based on recognizable American symbols. I think we should start with the White House.

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Spending Surge On Financial System Pushing Deficit Towards $1 Trillion

Washington Post | Lori Montgomery and Dan Eggen | Posted 11.18.2008 | Business

Read More: Financial System, Financial Crisis, Deficit, Trillion Dollar Deficit, US Deficit, Business News

Congressional leaders and both presidential candidates are proposing billions of dollars in tax breaks and other measures to stoke economic growth, a ...

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McCain Will Raise Your Taxes, Obama Will Raise Your Income

Stephen Herrington | Posted 11.07.2008 | Home

Read More: Reagan, Taxes, Deficit, Progressive Taxes, National Debt, Tax Increase, Economy, Mccain, Obama, Bush, Taxes Obama, Obama Taxes, Herrington, Obama Mccain Tax Plan Benefits Chart Rolling Stone, Will Mccaine Raise Taxes, Obama Income Mccain Taxes, Mccain's Policies on Taxes, Home News
Stephen Herrington

Americans now pay less in taxes than at any time since WWII. The low tax rate, in effect now for eight years, has produced nothing even close to resembling general prosperity.

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Congress Must Address Overall Broader Budget Crisis

Bob Barr | Posted 11.01.2008 | Politics

Read More: Deficit, Wall Street Crisis, Social Security, Federal Budget Deficit, Bob Barr, Financial Crisis, Medicare, Bob Barr Libertarian, Libertarian Party, Politics News
Bob Barr

Congress should reject the bailout, and then get busy cutting spending elsewhere. We need a president willing to reconsider every spending program and challenge every special interest.

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No Future for You.

Thomas Frank | Posted 10.27.2008 | Politics

Read More: Defunding, Deficit, Bill Clinton, Wall Street Crisis, Conservatives, Ronald Reagan, Bailout, Liberals, Barack Obama, Politics News
Thomas Frank

The Republicans tell us they wish they didn't have to take this course; that the bailout violates their own first principles; that they're so, so sorry. But none of this is true.

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Take A Deep Breath And Count To Three

Aaron Harber | Posted 10.26.2008 | Business

Read More: Robert Rubin, Henry Paulson, David Walker, Bailout, Deficit, Economy, National Debt, Secretary of the Treasury, Foriegn Investment, John McCain, Free Market Capitalism, Shadow Government Statistics, Federal Debt, u.s. Economy Problems, Barack Obama, National Deficit, Inflation, Congressional Bailout, Foriegn Investors, Financial Crisis, Free Market, Current Account Deficit, Socialists, Business News
Aaron Harber

Congress and the current Administration have allowed the nation's finances to deteriorate to a dangerous level.

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Spend Your Way Out of Debt America: The government's solution to Wall Street's crisis is--surprise, surprise-- borrowing more money.

David Sax | Posted 10.20.2008 | Business

Read More: Debt, Mortgage, Mccain, Federal Reserve, Economy, Crisis, Obama, Wall Street, Election, Deficit, Foriegn Loans, Federal Budget Deficit, US Dollar, China, Barack Obama, Business News
David Sax

For all the talk about the fundamentals of the American worker or $1000 tax rebates for middle class families, the candidates should really square up and talk about weaning America off the debt teat.

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How to Get the Economy from its Vicious to a Virtuous Cycle -- But Radical Righties Won't Let it Happen

Paul Abrams | Posted 07.24.2008 | Politics

Read More: Bill Clinton, Savings & Loan, George HW Bush, George W Bush, Economy, Deficit, U.S. Economy, Poor Economy, Credit Crunch, Politics News
Paul Abrams

By restraining spending via pay-as-you-go, and taking in more revenues through higher taxes on the wealthy, Clinton and Bush Sr. caused interest rates to come down, and the economy took off.

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Don't be Distracted. Vote For Your Pocket Like the Fat Cats Do

R.T. Eby | Posted 04.22.2008 | Home

Read More: Bittergate, Deficit, Barack Obama, Senator Obama, Economy, Ronald Reagan, African Americans, Voodoo Economics, George Bush, Black Folk, Welfare Queen, Social Security Crisis, Social Security Benefits, Home News
R.T. Eby

Ronald Reagan took aim at so-called welfare queens as a way to make the wealthy more wealthy. He gutted social security and social programs. Variations of his bait and switch have been going on ever since.

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Do You Know Where You IRS Check Goes?

Scott Bittle and Jean Johnson | Posted 04.22.2008 | Business

Read More: April 15, White House, Social Security, Tax Deadline, Irs, Fiscal Responsibility, Tax Day, Medicare, Medicaid, Defense, Tax, Deficit, Business News
Scott Bittle and Jean Johnson

Not where most Americans think, based on everything we've seen in polls and focus groups. Americans' distorted ideas about where the government spends...

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Bush Administration Hides More Data, Shuts Down Website Tracking U.S. Economic Indicators

Think Progress | Posted 03.28.2008 | Business

Read More: U.S. Economy, Economics and Statistics Administration, Family Debt, Bush Administration, Subprime Mortgage Crisis, Mortgage Crisis, Census Bureau, Credit Crunch, Forbes, Deficit, Bureau of Economic Analysis, Business News

The U.S. economy is faltering. Family debt is on the rise, benefits are disappearing, the deficit is skyrocketing, and the mortgage crisis has worsene...

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